Question

if a good or service does not get used up as it is consumed, then it is said to be group of answer choices nonexcludable. nonrival. nondiscrimination. nonconsumable.

Answer 1

A good or service not getting used up as it is consumed is said to be nonrival. Thus, option (b) i.e. nonrival is correct.

A good or service which is possessed or consumed by multiple users without a reduction in the amount left for others is said to be a nonrival good or service. One example of the nonrival good is the internet. When a user uses the internet, neither it causes a decrease in the amount of the internet to be used by other users nor it is used upto the limit it is consumed.

While the other options are incorrect because:

• Nonexecludable means an it is not possible to provide good or service to some consumers and exclude others.
• Nondiscrimination refers to the principle of ensuring that everyone has equal right to use goods or services.
• Non-consumable are the goods or services used without altertion.

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